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Bitcoin hovered near a two-month low, with traders comparing the current slump to 2022’s bearish market as volatility begins to settle.
Bitcoin fell to a two-month low near $65,000, with analysts warning the bear cycle may not be over and watching whether BTC can reclaim its 50-month average.
Bitcoin’s decline isn’t being driven by Michael Saylor, but by the fading momentum trade, according to the article’s framing.
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